Orix Corp Ads (NYSE:IX) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Wednesday.

According to Zacks, “ORIX CORP-ADR is a diversified financial services institution with diverse operations in both corporate and retail finance, including: leasing, lending, rentals, life insurance, real estate financing and development, venture capital, investment and retail banking, commodities funds and securities brokerage. Their international operations include leasing, rentals, fixed income investment, aircraft and ship financing, commercial mortgage servicing and property development. “

IX has been the topic of several other reports. TheStreet raised Orix Corp Ads from a “c+” rating to a “b” rating in a research report on Thursday, June 8th. BidaskClub downgraded Orix Corp Ads from a “sell” rating to a “strong sell” rating in a research report on Sunday, July 16th.

Orix Corp Ads (NYSE:IX) traded down 0.08% on Wednesday, hitting $82.73. The company had a trading volume of 14,899 shares. Orix Corp Ads has a 12-month low of $68.43 and a 12-month high of $84.07. The stock has a market cap of $21.16 billion, a P/E ratio of 8.32 and a beta of 1.43. The firm’s 50 day moving average price is $79.56 and its 200 day moving average price is $77.97.

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Several large investors have recently modified their holdings of IX. Proficio Capital Partners LLC increased its stake in shares of Orix Corp Ads by 3.6% in the second quarter. Proficio Capital Partners LLC now owns 1,262 shares of the real estate investment trust’s stock valued at $105,000 after buying an additional 44 shares in the last quarter. Sei Investments Co. increased its stake in shares of Orix Corp Ads by 26.1% in the second quarter. Sei Investments Co. now owns 2,213 shares of the real estate investment trust’s stock valued at $173,000 after buying an additional 458 shares in the last quarter. Conning Inc. acquired a new stake in shares of Orix Corp Ads during the second quarter valued at about $227,000. Eagle Asset Management Inc. increased its stake in shares of Orix Corp Ads by 11.8% in the second quarter. Eagle Asset Management Inc. now owns 3,446 shares of the real estate investment trust’s stock valued at $268,000 after buying an additional 365 shares in the last quarter. Finally, Greenleaf Trust increased its stake in shares of Orix Corp Ads by 83.4% in the second quarter. Greenleaf Trust now owns 7,050 shares of the real estate investment trust’s stock valued at $549,000 after buying an additional 3,205 shares in the last quarter. 1.97% of the stock is currently owned by institutional investors.

Orix Corp Ads Company Profile

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